Child Plans Compare

When apply for children plan

Children plans in India are
saving-cum-investment product that will accumulate funds to be used for your
child?'s higher education. Parents are seriously concerned about the future of
children from the day they are born or even before the birth. You as a parent
will always want your child to have a great career with successful future. You
will never want your child to sacrifice or compromise on any of the key events
in future, which will affect them in building their career.

Dream of a decent marriage
of your children, or if your child wants to go abroad for education in a
reputed institution and many other important occasions where the required
corpus will be substantial needs to be managed well. Increasing inflation and
cost of living can result into some serious problems in the future. Hence, it
is rightly said that the earlier you start saving, the higher amount will be
accumulated. Child plan will play a precise role in securing your child?'s
future.

Proposer and life insured is
the parent, whereas child will be beneficiary in the policy. Some plans also
provide risk cover along with the policy. Child plans are offered with planned
payouts in such a way that it coincides with important events in child?'s life.
It can be used to build corpus for marriage or education expenses at different
stages of life by systematically deciding in advance the dates of payouts.

What will happen to dreams and goals of
your loved ones, if something happens to you? What will happen if any
disability occurred and you are unable to work for life? In this scenario, if
you had secured yourself and family with an insurance policy then the covers
should have protected your family from many unsafe events.

In case of unfortunate death
of the parent before the expiry of term, sum assured will be paid so that
family is able to maintain same standard of living and the entire future
premiums will be waived. The maturity amount and other benefits will be paid to
the child as it is decided.

Children plans will provide financial
strength to your children in case of any eventuality. These plans allow insured
to regularly invest and generate or accumulate a corpus to secure his
children?'s future.

In simple term, children
plan is an insurance product, which is specially designed to protect the future
of children. Amount invested will be allocated to generate an amount that will
be used to provide lump sum or regular payouts income in the crucial years.

Most of these plans come
with in-built waiver of premium and accidental death benefit rider to provide
add-on benefits to the insured.

Individual shoulddisclose
all the important and crucial documents before taking the policy. Health record
and previous insurance policies should be disclosed with the insurance company.
All the material facts need to be released while taking the policy. Please
keep in mind; non-disclosure of material facts can result in to crisis for
nominee at the time of claim.

Get Life Insurance Proposals

Upto 5 providers will offer you alternative proposals based on Feb 2019 premiums